Going Global: The Second Belt and Road Kazakhstan Investment Roadshow Seminar in Beijing
The Second Belt and Road Kazakhstan Investment Roadshow Seminar concluded successfully yesterday in Beijing. It was jointly held by Deloitte China, Deloitte Kazakhstan, Embassy of the Republic of Kazakhstan in the People's Republic of China and Kazakh Invest National Company.
Attendees of this event included Birzhan Kaneshev, Deputy Chairman of Kazakh-Invest，Johnny Zhang, Deloitte Global Chinese Services Group Partner, Alexander Krylov, Head of the CIS Department of Deloitte China, Dina Tasbulatova, Deloitte Kazakhstan Partner and Corporate Finance Department Leader, senior executives of Kazakhstan enterprises and representatives from Chinese companies and investment institutions. The seminar is also strongly supported by China Agricultural Association for International Exchange.
It is the 11th event for Deloitte to host investment activities targeted at the CIS countries in China. During the seminar, Deloitte and Kazakh Invest National Company introduced to the Chinese companies and investment institutionsa total of 21 investment projects amounting to US$ 6 billion. The projects cover industries such as chemicals, metal and mining, transportation and logistics, and agribusiness.
As where the 'Silk Road Economic Belt' was proposed, Kazakhstan was one of the first countries which started the 'Belt and Road' construction collaboration with China and thus a principle partner of China to promote 'Belt and Road' Initiatives. In recent years, companies from both countries have been actively exploiting opportunities for investment in emerging markets. The Investment Seminar built a significant platform to show Chinese companies and investors the achievement of Kazakhstan economic development, the excellent business environment, and its promising future. The seminar would also help improve current and create new transport, energy and trade corridors between our countries.
In September this year, China and Kazakhstan signed a Memorandum of Understanding to implement a Plan of Action to link the Nurly Zhol New Economic Policy and the construction of the Economic Silk Road Belt. It will further strengthen the bilateral comprehensive strategic partnership.
Alexander Krylov, Head of the CIS Department of Deloitte China, said that, "Kazakhstan is world's largest landlocked country, with its strategic position in the centre of Eurasian Continent. The implementation of Nurly Zhol and Belt and Road Initiative will greatly energise and refresh the economic development of Eurasia, and exploit more collaboration and opportunities for the development of Chinese enterprises and investment institutions. Deloitte will continue to seek active collaboration with Kazakh Invest National Company and the Embassy of the Republic of Kazakhstan with a shared commitment to bridge companies and investment institutions from both countries for mutual development."
In recent years, China-Kazakhstan trading continues to maintain rapid growth. According to statistics released by Chinese Customs, the China-Kazakhstan trade value reached 19.885 billion US Dollars in 2018, with a year-on-year increase of 10.47%.
In 2018, China's non-financial outbound direct investment in Kazakhstan reached 394 million US Dollars, which was 118.89% higher than 2017, said the Ministry of Commerce of China. By the end of 2018, China had invested a total value of 29.3 billion US dollars in Kazakhstan, featuring industries such as mining and transportation.
According to Dina Tasbulatova, Deloitte Kazakhstan Partner and Corporate Finance Department Leader, “The event has become the main platform for professional discussion between investors and corporate representatives, and one that has helped open Kazakhstan’s economic and project potential in a wide range of sectors. The Kazakhstan business community has high hopes for its business relationships with China, and we are sure that Deloitte’s efforts will bear fruit.”
Jessie Gu, Director from Deloitte Tax & Legal Department, mentioned that Deloitte provides global services for the overseas expansion of Chinese companies with global network resources and rich experience. It follows the “Belt and Road initiative” and always puts customer needs first, providing professional advice and solutions to complex business challenges.
As one of the leading professional services firms globally, Deloitte provides audit & assurance, consulting, financial advisory, risk advisory, tax and related services through a global network of 312,000 professionals in more than 150 countries and territories.
Deloitte was one of the first global professional service firms to start serving clients in the CIS and has been in Russia since 1989. With over 3,700 people working in 20 offices in 11 countries, Deloitte CIS provides a full range of professional services to both multinational corporations and local firms from various industries.
Our understanding of the CIS market, combined with our experience as a leading global firm, allows us to use our deep local knowledge and expertise to meet our clients' needs.
It's the 25th anniversary of the establishment of Deloitte Kazakhstan, which is the fastest growing firm in Kazakhstan among the Big Four. We have offices in Almaty, Nur-Sultan, Atyrau and Aktau.